Carnival Co. & plc (NYSE:CCL) Stock Position Cut by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC decreased its position in Carnival Co. & plc (NYSE:CCL) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,098,898 shares of the company’s stock after selling 270,374 shares during the period. Carnival Co. & comprises 3.1% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its biggest position. Barrow Hanley Mewhinney & Strauss LLC owned approximately 3.10% of Carnival Co. & worth $899,585,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCL. Vanguard Group Inc. raised its stake in shares of Carnival Co. & by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock worth $2,918,022,000 after buying an additional 4,458,329 shares during the period. Norges Bank acquired a new position in Carnival Co. & during the fourth quarter worth $59,486,000. Los Angeles Capital Management LLC acquired a new position in Carnival Co. & during the fourth quarter worth $53,636,000. Schroder Investment Management Group lifted its holdings in Carnival Co. & by 45.0% during the fourth quarter. Schroder Investment Management Group now owns 2,993,109 shares of the company’s stock valued at $74,588,000 after purchasing an additional 929,094 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Carnival Co. & by 4.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company’s stock valued at $464,747,000 after purchasing an additional 877,694 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $22.42 on Friday. The stock has a market capitalization of $26.16 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The business has a 50-day moving average of $19.68 and a 200 day moving average of $23.04. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. The business had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) earnings per share. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCL has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Carnival Co. & from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Hsbc Global Res upgraded Carnival Co. & from a “moderate sell” rating to a “hold” rating in a report on Friday, May 16th. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Truist Financial decreased their target price on Carnival Co. & from $30.00 to $27.00 and set a “hold” rating on the stock in a research report on Monday. Finally, Stifel Nicolaus boosted their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus target price of $26.53.

Carnival Co. & Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.